Whats The Value Of Exports To U.S. Cattlemen?
Even at a limited level, the value of beef exports is evident. “Korea’s renewed interest in U.S. beef has already generated tremendous additional value,” according to NCBA. And we’re not talking chicken scratch, either. The recent sales to South Korea, limited though they are in volume, are calculated to be worth between $40 and $48 million to the beef industry. Wholesale prices on the three cuts exported to Korea — chuck rolls, brisket and deboned short ribs — have risen recently and analysts say the reopening of the Korean market has added about $31/head to the value of fed cattle sold the past 3-4 weeks.
